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Reject this inequitable climate proposal -T Jayaraman and Tejal Kanitkar

-The Hindu The UN Secretary General’s recent advice to India amounts to asking for its virtual de-industrialisation and stagnation The UN Secretary General António Guterres’s call for India to give up coal immediately and reduce emissions by 45% by 2030 is a call to de-industrialise the country and abandon the population to a permanent low-development trap. Piling on the pressure In an extraordinary move in climate diplomacy, Mr. Guterres, delivering the Darbari Seth Memorial...

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Rural distress looms: dip in crop prices, remittances; rising Covid cases -Aanchal Magazine, Sunny Verma and Anil Sasi

-The Indian Express While the over 3% agriculture growth in the first quarter factored in strong Rabi procurement, with high-price realisations getting reflected in the output numbers, fresh data from mandis indicate a slide in the prices of the intercrop produce — horticulture, milk and poultry etc. The rural sector may have held out the only sliver of hope amid the broader collapse in the first-quarter GDP numbers but there are fresh...

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Growth in agriculture is not remunerative to Indian farmers -Richard Mahapatra

-Down to Earth Exceptional growth in agriculture and acreage in kharif season precipitate a crisis like never before for farmers   In recent times, agriculture made headlines for all the wrong reasons: Farmers quitting cultivation; the sector turning into a perennial loss-making enterprise; and the country’s official policy to downsize the dependence on agriculture to reduce overall economic hardship among the poorest of the population. Agriculture’s fast-declining economic importance reached such an extent...

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An Expert Explains: Decoding GDP contraction --Neelkanth Mishra

-The Indian Express The contraction seen in first-quarter GDP data is severe, but not unexpected. What should be done — or not done – at the level of govt policy so that the economy gets a chance to rebound as quickly as possible? * How should one read the first-quarter GDP data and the contraction by 23.9%? What signal does it offer for the future? And does it give any idea of...

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Role of collective organisations during economic crises -Indranil De, Mubashshir Iqbal and Rooba Hasan

-The Hindu Business Line The government, market and collectives should have worked in tandem to develop resilience of economic institutions during the slowdown in India The sharp downfall in the economic growth rate could be attributable to a lack of resilience of Indian economy. Only fiscal and monetary policies may not halt the downfall of the economy. Collective organisations, including NGOs, have played an important role in consumption and income-smoothing. The downfall...

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